In the middle of afternoon trading on the 31st, the Nikkei 225 showed signs of recovering, while SoftBank Group’s share price moved into positive territory. There were also reports of speculation that dip-buying had spread following the morning’s decline.
The Nikkei 225 showed signs of recovering toward the afternoon session, while the TOPIX turned higher. SoftBank Group, one of the high-priced stocks, moved into positive territory, supporting the market, and there were indications that buybacks had come in following the morning’s decline.
In afternoon trading, the Nikkei 225 opened sharply lower than its morning close, with the afternoon session starting with a steep decline. Selling spread among some AI- and semiconductor-related stocks in the morning session, but dip-buying emerged and narrowed the decline.
At the morning close, the Nikkei 225 stood at ¥65,361.60, down ¥1,043.96 from the previous business day, while the TOPIX was at 4,128.76, down 17.95 points. Trading volume was 946.38 million shares, and trading value was ¥3.5262 trillion. Semiconductor-related stocks were notably lower, and the decline in the SOX index fed through to the Japanese market.
At 10:10 a.m., the Nikkei 225 had temporarily fallen more than ¥1,560 from the previous day. Selling based on remarks at a U.S. economic symposium continued against the backdrop of U.S. fiscal and interest-rate developments, but dip-buying came in and narrowed the decline. The market opened at sharply lower levels.